🛢️Commodities
Our unique architecture enables leverage trading on commodities prices.
Introduction
gTrade currently offers trading on the price of 5 commodities, at leverage ranges of 2x-250x for XAU/USD (Gold) and 2x-150x for XAG/USD (Silver), WTI/USD (Crude Oil), XPT/USD (Platinum), and XPD/USD (Palladium).
Please refer to the Pair List page to see a full list of the pairs currently offered.
Market Times
Just like forex markets, the commodities market is not always open. Times are referenced in ET (New York time).
| Day of the week | Market Open / Close |
|---|---|
Monday | Open apart from 5 PM - 6 PM |
Tuesday | Open apart from 5 PM - 6 PM |
Wednesday | Open apart from 5 PM - 6 PM |
Thursday | Open apart from 5 PM - 6 PM |
Friday | Open until 5 PM |
Saturday | Closed all day |
Sunday | Open from 6 PM |
Additionally, there are the following holidays where market are closed:
January 1st - 2nd
December 25th - 27th
Gaps
As there price of commodities can change while the market is closed, this can result in gaps, where the market opens at a different price than the price it closed at last time it was open.
Due to this, we cannot guarantee stop losses, which means you have to be careful with keeping trades open while the market is closed. It could be liquidated because of a big gap in the opposite direction once market opens. It could also result in a bigger win than you initially planned for, as volatility works on both sides. Please take this into consideration when using high leverage.
Reduced Leverage/Increased Spread
The max leverage is temporarily reduced and spread is temporarily increased during:
Major USD news events, from 1 hour before to 10 minutes after the event.
Market closing, starting 30 minutes before the market closes.
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